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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
OPERATING ACTIVITIES:      
Net income $ 29,830 $ 39,111 $ 33,746
Adjustments to reconcile net income to net cash flows from operating activities:      
Depreciation and amortization 9,598 9,127 7,745
(Gain) loss on disposal of property, plant and equipment 17 (21) 156
Provision for doubtful accounts 195 15 214
Issuance of non-employee director shares 194 150 150
Deferred tax provision 752 1,708 568
Changes in operating assets and liabilities:      
Accounts receivable 27,375 (19,605) (19,353)
Inventories 5,466 5,453 (23,865)
Prepaid expenses 1,652 (1,529) 989
Other assets 321 609 60
Accounts payable (10,881) (2,165) 19,425
Accrued liabilities (3,810) 2,279 2,062
Net cash flows from operating activities 60,709 35,132 21,897
INVESTING ACTIVITIES:      
Purchases of property, plant and equipment (17,500) (17,391) (13,342)
Proceeds from sale of property, plant and equipment 276 328 141
Net cash flows from investing activities (17,224) (17,063) (13,201)
FINANCING ACTIVITIES:      
Net proceeds (payments) under credit facility (4,998) (10,002) 5,000
Payments of cash dividends (8,212) (8,208) (8,200)
Net proceeds (payments) on other long-term obligations (400) (367) 56
Finance lease obligation payments (21) (20)  
Proceeds from exercise of stock options     179
Net cash flows from financing activities (13,631) (18,597) (2,965)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND TEMPORARY INVESTMENTS 1,595 (437) (589)
NET CHANGE IN CASH AND TEMPORARY INVESTMENTS 31,449 (965) 5,142
CASH AND TEMPORARY INVESTMENTS, beginning of period 26,072 27,037 21,895
CASH AND TEMPORARY INVESTMENTS, end of period 57,521 26,072 27,037
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:      
Cash payments for interest 2,052 3,249 2,437
Cash payments for income taxes, net of refunds $ 6,721 $ 10,067 $ 7,457